Here's how Obama WILL raise taxes on the middle class

......despite his misleading claims to the contrary.

From Ned Barnett, at The American Thinker, who examines the lies, distortions, and half truths The One is telling:

1. He will allow the Bush tax cuts to expire. However, in Obamaspeak, that doesn't qualify as a tax increase.

2. He will fail to freeze the cap at which Social Security taxes will be imposed. It will not rise up to the $250,000 limit Obama uses for demagoguery, but it will increase significantly from its current level.

3. He will raise the caapital gains tax significantly, well past the "20 percent" figure he uses, to a point approaching 30% or more. This will impact about HALF of US households.

4. The most insidious of all: He will raise taxes on businesses and, to confiscatory levels, oil companies. These costs will be passed on to everyone, but the burden will mainly fall on the middle class.

We won't begin to talk about the proposed elimination of the tax deductibilities of IRAs and 401Ks, and the forced participation in yet another government retirement Ponzi scheme.

We won't begin to talk about the worst taxes of all: the HUGE erosion of jobs lost to foolish economic Obamanations, and the resulting loss of equity to everyone.

We won't even begin to discuss the costs of an Obama national health plan, or an Obama plan to "fix' the non-existent "anthropogenic global warming" we're "experiencing".

We won't even begin to talk about the horror scenarios that "spreading around the wealth" engenders.

Of course, all this is in ADDITION to all the other threats and danger we're exposed to in non-economic ways because of an Obama presidency.